“We intend to hire 100 full-time employees over the next three years.. I think we’ll hire about 30 people in the first year,” said Tim Byun, government relations specialist at OKX.
OKX has applied for registration as a digital asset provider in France. Byun expects the registration process to take up to six months.
At the same time, he said, the company plans to establish a “significant” physical presence in France.
Registration involves checking companies’ compliance with anti-money-laundering standards.
As the EU approved the Crypto Asset Markets Act (MiCA) bill earlier this month, crypto firms approved in one country should find it easier to operate in the crypto industry.
Earlier, French regulators promised attractive terms to crypto firms leaving the U.S.
After that, 74 companies, including exchanges Binance and Bitstamp, have already been registered in France. Authorities expect the number of companies to grow to 100.
French authorities recently said they are considering accelerated licensing of cryptocurrency operators and switching from national regulation to MiCA rules.